Business For Sale

Turnaround Opportunity: Food Processing Company

Oklahoma City, OK
Oklahoma County


Asking Price: Annual Revenue:
Not Disclosed $22,000,000

Food & Beverage: Suppliers, Vending


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RE: Turnaround Opportunity: Food Processing Company Broker: Seller of Business

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $22,000,000
Net Profit: Not Disclosed
Cash Flow: $750,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1979
Employees: Not Disclosed
BBN Listing #: 691053301
Broker Reference #: Not Disclosed

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Business Overview:

Founded in 1979 and based on Oklahoma City, the Company is a processor of premium quality meats including beef, pork, and poultry. Production is centered around portioned controlled USDA-graded beef, pork, and poultry meat proteins, Bacon Wrapped filets, and related ready-to-cook products for grocers and food service operators.

Due to several unexpected, one-time issues in FY 2014, management was forced to take on various high-interest debt instruments.
Over the years, servicing the debt has become a major constraint, limiting the Company`s growth and making it extremely challenging to fund working capital needs and meet strict vendor requirements.

By the summer of 2018, the Company was in urgent need of cash to maintain service to its customers and management decided to raise additional debt that came with ultra-high interest rates.

Currently, the Company is looking to refinance its credit facilities and raise additional capital to implement various strategic initiatives that will fuel the company`s growth going forward. Management is also open to selling a majority stake if it found the right strategic partner.

Additional information, including a short business overview and detailed historical as well as projected financials, is available upon request.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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